If India Legalise Crypto What Will Be The Effect On It's Economy?

[abdullah553 1981]

On 12/13/2019 at 11:52 AM, Satya31 said:

I think it will mark a great influence in india's ecomony. Because it is very advance economic sector. This will obvious increase the economic value. And it will effect in international market. 

This is something that will help India a lot and will provide it with a lot of economic benefits. Also, many today want to work via coding for a really good thing

[Smallingcane012 344]

If the India government legalized the crypto currency their economy will boast as a result of that because each will have access to it.

[Sanjana321 6]

It would be helpful for many people to get a great opportunity to have a daily income and helps to reduce unemployment in the economy it would help to improve the lifestyle of the people. Crypto currency have a great ability to improve the economy quality of many countries and helps in great development in the countries.

[Mir Hamza 2888]

My friends, if it happens that cryptocurrency is legalized in India, it would be a very good news. Because India is the world's number one in population. India has the highest population in the world. If cryptocurrency is legalized in India, then in this way many people of India will work on cryptocurrency which will effect the international market. And this will be a very good news for all cryptocurrency users, if this cryptocurrency is labeled as legalized in India. And it will also be of great benefit to cryptocurrencies because a huge community joins it.

[cryptoman22 1026]

As you well say from dear fellow if legalizing cryptocurrency in India would be a great benefit for the population and especially for its economy and I also want to add that they give impetus to the world of cryptocurrencies because the population of India is very widespread
A big hello to the whole community and good luck and great winnings

[KHALED ADWANI 1216]

Certainly, the integration of cryptocurrencies into fiat currencies will greatly help in improving and reviving the economy from several sides, the most important of which is foreign trade. Cryptocurrencies will help traffickers sell their goods abroad at a low cost of transferring money compared to banks and remittance companies, and this will push more customers to enter the Indian market.

[Braulio Eurea 720]

If India legalizes cryptocurrencies they are opening new areas of investment, new businesses, new ventures that will undoubtedly boost the finances and economy of India, surely cryptocurrencies will encourage the growth of other economic sectors, because cryptocurrencies in particular are a means of payment, accumulating wealth like the currency of India and other currencies. India will be able to participate with global money, since cryptocurrencies are universal, they do not have nationality. The effect on the economy will be good with the generation of goods and services and the creation of jobs.

[Alex9876r 1408]

In general, it will reduce many of the burdens on the government and maintain its stock of gold and dollars. As for the individual notary of people, it contributes to making many people rely on cryptocurrencies and the stock exchange to become a source of income for them.

[David84 1191]

India has high population and most of the people are very poor so when the government will legalize crypto I think most of the people will to rush to work in different crypto sectors and this will have huge impact on the Indian economy and it will even have effect on the international economy as well.

[abohasnn9 2401]

My friend, India is one of the largest countries whose people deal in cryptocurrencies. If sanctions, fees, or taxes are imposed on the users of currencies, that will expose them and expose their economy to great popular anger, and the economy may be absent by not trading its national currency. Thank you.

[alaarami 103]

Of course, cryptocurrencies will have a very large impact on the world, as currencies are increasing day by day in popularity and increasing acceptance, and this affects economic activity, which makes many people turn to cryptocurrencies in order to invest and trade in those currencies

[Francy Mory 543]

If that project that India has to establish the digitized currency in her country and executes it, it will be a boom in its economy, since it is a country that has excellent material and human wealth and they will surely impact the market through their negotiations. you do and in this way you will generate more jobs in your country and consolidate your economy that is in progress.

[Dadouasaad123 902]

Certainly, if the Indian government accepts the circulation of cryptocurrencies, this will improve a lot of the economic situation in it, not only India, any country that allows the circulation of cryptocurrencies will be a good supporter for the economy of this country, that will help the people to earn more money, and reduce operations The fraud that occurs, it is great to trade and exchange cryptocurrencies under the auspices of the government.

[AMAN KHAN 579]

Yes the economy will be greatly influenced. But there will be some drawbacks for that. Money laundering, corruption and bribe will be so common. Illegal activities will be enhanced as well. 

[james653 981]

If India were to recognize cryptocurrencies, it would make a quantum leap in the Indian economy.  The people of India will earn more money through trading.  Large amounts of money will be poured into the Indian economy, which will positively affect the lives of the population. Third world countries are in dire need of recognition of encryption.  To protect their countries' economy.

[chris smith 950]

There are many countries which are interested in the crypto currencies like China and the United arab emirates and also India so i see it is a great thing to see these currencies became famous.

[teebasas 3018]

The latest news from India indicate that they will come up with a proposal to control and legalize the use and trading of cryptocurrencies in their nation. I am hoping for the legislation not to be extreme as Bitcoin and the rest cryptocurrencies would be able to thrive and help this nation through development.

[kion 381]

The effect that the adoption of cryptocurrecy by India would have on it economy is that as we know, the number of unemployed people are the youth, and so, they depend on the government for everything, so if cryptocurrecy can be adopted, then it would reduce the dependance of the government, that would help to improve the country economy.

[Jack764 1841]

Any country that accepts dealing in cryptocurrencies will prosper its economy well, especially if it knows how to use this field to its advantage.

[hghadeer611 689]

If countries allow the use of cryptocurrency technology, I think that this will reduce the unemployment rate and their economy will flourish significantly due to the fact that large proportions of their residents own good amounts of bitcoin.

[Maria karam 667]

I agree with you, my friend, as India is one of the most populous countries, and indeed we see many Indians working in the field of cryptocurrencies, so I think that this will be a successful project and will positively affect India's economy in general.

[Pereira 2303]

The simple act of accepting the cryptocurrency in India would increase its value a bit, but in India itself it would not make any difference unless merchants took hands in this crypto economy in all sectors of India, also if the Indian government took taxes on these same assets, the socioeconomic sector will drastically change in favor of this country, increasing the acceptance rate in the world.

[Zein21 839]

The impact that the spread of cryptocurrencies will have in countries will be very large, especially for countries that suffer from economic weakness, in the sense that they will reduce prices significantly so that the citizen can lead a fairly good life.

[Tomy2 375]

I think the economy will be definitely better as it'll be able to employ more people and make so many people self employed. This will definitely increase the economy make India a better place increasing the standards of living

Edited April 12, 2021 by Tomy2

[HadiLord 926]

The major beneficiaries of this decision will be the Indian people, as there will be many job opportunities and earning money for them, and it will be easy for them to deal in and invest in cryptocurrencies.